Help Sau Required information In order to reduce the risk associated with a new line of business, Conservative Corporation established Spin Company as a wholly owned subsidiary. It transferred assets and accounts payable to Spin in exchange for its common stock. Spin recorded the following entry when the transaction occurred: 23,000 15,000 30,000 100,000 95,000 Cash and receivables Inventory Land Buildings Equipment Accounts Payable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Common Stock Additional Paid-In Capital 20,000 32,000 30,000 56,000 125,000 Based on the preceding information, immediately after the transfer, Multiple Choice Conservative's total assets decreased by $23,000. Conservative's total assets decreased by $20,000. Conservative's total assets increased by $56,000. Conservative's total assets remained the same